Jefferies Financial Group Comments on National Storage Affiliates Trust’s Q4 2019 Earnings (NYSE:NSA)

National Storage Affiliates Trust (NYSE:NSA) – Research analysts at Jefferies Financial Group lowered their Q4 2019 earnings per share (EPS) estimates for National Storage Affiliates Trust in a note issued to investors on Sunday, November 10th. Jefferies Financial Group analyst J. Petersen now expects that the real estate investment trust will post earnings per share of $0.38 for the quarter, down from their prior forecast of $0.39. Jefferies Financial Group also issued estimates for National Storage Affiliates Trust’s FY2020 earnings at $1.63 EPS and FY2021 earnings at $1.69 EPS.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.59). National Storage Affiliates Trust had a negative net margin of 4.87% and a negative return on equity of 1.45%. The business had revenue of $101.34 million for the quarter, compared to the consensus estimate of $100.49 million. During the same quarter last year, the business posted $0.36 EPS. The business’s revenue for the quarter was up 18.7% on a year-over-year basis.

Several other equities analysts have also weighed in on the stock. ValuEngine lowered shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Zacks Investment Research lowered shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Wells Fargo & Co raised their price objective on shares of National Storage Affiliates Trust from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Robert W. Baird set a $37.00 target price on shares of National Storage Affiliates Trust and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, Morgan Stanley raised their target price on shares of National Storage Affiliates Trust from $27.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday, September 16th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.00.

NYSE:NSA opened at $32.50 on Tuesday. National Storage Affiliates Trust has a twelve month low of $25.11 and a twelve month high of $35.76. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.26. The company has a 50-day moving average of $33.87 and a 200-day moving average of $31.49. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 4.14 and a beta of 0.32.

Institutional investors and hedge funds have recently made changes to their positions in the business. Cutler Group LP acquired a new stake in shares of National Storage Affiliates Trust during the third quarter worth approximately $26,000. FMR LLC acquired a new stake in shares of National Storage Affiliates Trust during the first quarter worth approximately $32,000. Marshall Wace North America L.P. boosted its holdings in shares of National Storage Affiliates Trust by 21.6% during the first quarter. Marshall Wace North America L.P. now owns 1,886 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 335 shares during the period. Pearl River Capital LLC boosted its holdings in shares of National Storage Affiliates Trust by 337.4% during the second quarter. Pearl River Capital LLC now owns 2,642 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 2,038 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of National Storage Affiliates Trust by 35.2% during the second quarter. Russell Investments Group Ltd. now owns 5,157 shares of the real estate investment trust’s stock worth $149,000 after purchasing an additional 1,344 shares during the period. Institutional investors own 93.19% of the company’s stock.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States. The Company currently holds ownership interests in and operates 709 self storage properties located in 35 states and Puerto Rico with approximately 44.9 million rentable square feet.

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Earnings History and Estimates for National Storage Affiliates Trust (NYSE:NSA)

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